The Script plots Standard Deviation Bands around The VWAP line, This will help you out with detecting market overbought and oversold Conditions on the Fly
Use this in conjunction with an oscillator - stoch, macd, etc... - if you find a positive crossover with oscillator on a VWAP level its time to go long, targeting the next vwap level and vice-versa
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
About me
AlgoTrading Certification, (University of Oxford, Säid Business School)
PGP Research Analysis, (NISM)
Electronics Engineer
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